Meanwhile, the S&P BSE Sensex was up 87.38 points, or 0.29% to 29,946.18.

On the BSE, 12,000 shares were traded in the counter so far, compared with average daily volumes of 7,995 shares in the past one quarter. The stock had hit a high of Rs 4,972.30 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 4,710 so far during the day. The stock hit a 52-week low of Rs 4,025 on 28 February 2017.

The stock had outperformed the market over the past one month till 5 May 2017, rising 6.20% compared with 0.23% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.52% as against Sensex's 5.73% rise.

The large-cap company has equity capital of Rs 32.59 crore. Face value per share is Rs 10.

Gillette India's board declared a special interim dividend of Rs 154 per equity share. The board fixed 18 May 2017 as the record date for the interim dividend. The dividend will be paid between 22 May 2017 and 5 June 2017.

Gillette India is engaged in the manufacturing and sale of branded packaged fast moving consumer goods in the grooming and oral care businesses.